ETH/BTC Asset Review — Olymp Trade

How to Make Profit in Forex Trading: Eight Problems to Avoid

How to Make Profit in Forex Trading: Eight Problems to Avoid

https://preview.redd.it/9fiwhr3in7g51.jpg?width=512&format=pjpg&auto=webp&s=8b015dd89d0db8f7e87c819b1363ccecad041f77
Many people erroneously believed that no one can make profit consistently through forex trading. Often times, they blame others for their losses while forgetting that they are responsible to decide whether their trade ends up in profit or loss.

“Champions never complain, they are too busy getting better”– John Wooden

For those who have the right mindset that they are going to be among the few who make a fortune by making profit consistently in the financial markets; they always take up the challenge to identify the problems and find solutions to improve themselves. They always have the inner drive and determination to find their trading mistakes and fix the problems which will help them to improve and become an expert trader. This positive attitude is very crucial in helping a loser to become a winner in forex trading. If people like Warren Buffet and George Soros can make a good life trading the financial markets, why can’t anyone who is ready to learn, consistently review and improve his/her trading plan, do it better?
From my own personal experience in trading the financial markets, I want to humbly share the following problems and really hope that it will help other traders to trade better and become winners in forex trading.
Although, there may be more, these are the Eight common problems I have encountered and heard many other traders struggle with in their process of making profit consistently in forex trading:
(1) Too early entry (Emotional triggers)
(2) Too late entry (Doubting your analysis)
(3) Too early exit (Panic Take Profit)
(4) Too late exit (Greedy delay)
(5) Holding on to losing trades against the market trend (Stubborn traps)
(6) Using too high lot sizes (Over leveraging your account)
(7) Poor money management (Investing more than 2% of your account balance or equity on one trade)
(8) Poor risk-reward ratio (Having too many open trades running simultaneously)

Steps to diagnose Trading Problems

(1) Check your trades at the end of each trading week; mostly on Saturday or Sunday evenings.
(2) Review your trading log or Account History. Make sure you are very honest and practical with yourself. This is about money. It is better to criticize yourself very hard than to regret losing your hard-earned money due to cheap errors or mistakes.
By honestly following the steps above, you should be able to identify any of the Eight Common problems listed above. This will help you to know which of the problems is most commonly affecting your trading outcome or reducing your profit.
When you have successfully discovered this highly important problem or problems (if more than one), then you can focus on solving them sequentially, starting from the most frequent to the least common as revealed during the review of your trading log or Account history weekly.
It is important that you never stop conducting the weekly review, so as to constantly learn and improve for better trading. Doing this consistently will help you to personally understand your own psychology and problematic behaviours or habits and also see if you are improving or not. With your commitment to this self-improvement process, you will surely become an expert in forex trading and your capacity to make profit consistently will improve significantly. Then you will become a forex winner for life!

“Learn from your losses, and improve your analysis for higher profit”.


https://preview.redd.it/qfl1nsikn7g51.jpg?width=512&format=pjpg&auto=webp&s=bc69d61f28ab6b8da8251c1825aecc21bca7e60e
Summary
If you can carefully follow the steps and work towards avoiding the Eight Common problems mentioned above, there is higher chance that you will be able to trade better and achieve more profits in Forex Trading. Most especially when you choose a reliable forex broker like OlympTrade due to their unique and innovative trading platform.
Considering my years of trading experience using the OlympTrade website or mobile App, I sincerely assure you of making consistent profits, if you take personal responsibility by identifying and fixing the Eight Common problems highlighted above. By now, I hope you are more confident that you can make profits consistently and live a good life through forex trading.
Thanks for reading and adding your own comment to this article.
Trade to win!
submitted by MxLawal to u/MxLawal [link] [comments]

LIVE FOREX TRADING SIGNALS [1,029 Forex Indicators In 1 Signal] FX Buy Sell Alert Analysis Dashboard LIVE FOREX TRADING SIGNALS [1,029 Forex Indicators In 1 Signal] FX Alert Analysis All Currency Pairs Forex Market Hours : Best Time To Trade In Forex FOREX  WHEN TO ENTER AND EXIT A TRADE  90% ACCURATE ... The Forex Weekend Gap Trade. The easiest automated Forex trading opportunity open to Forex traders? Money management in Trade ??? Trading signals in Telegram  Olymptrade trading signals BK Technical Zerodha Trading Tutorial: How to Buy and Sell shares on ... Binary Options Bot Trading Report for February 4, 2020 (9+ 1-)  Trading Signals in Telegram Lesson 14: What are the best times of day for trading forex? Binary Options Bot Trading Report for February 3, 2020 (11 ...

Olymp Trade is a platform that not only allows you to take advantage of both markets, but also teaches you how to best make your money work for you. The Forex market: trading currencies against ... Forex weekend trading has seen conventional working week hours extended over Saturday and Sunday. This article will explain how to use the popular weekend gap trading strategy. We’ll also unpack everything you need to trade forex during the weekend, including brokers and key trading times. Top 3 Forex Brokers. Review. Forex.com are a leading forex broker. Offering the largest range of ... Olymp Trade uses data from several major online exchanges, such as GDAX, Kraken, Poloniex, Bitstamp, Bitfinex, and Binance, that`s why ETH/BTC responds to the slightest market changes on our platform. For more accurate calculations, each quote has three decimal places. Trading hours. Monday — Saturday 21:00 — 20:59 UTC Sunday 21:00 — 19 ... Months a market holidays. index cfds will remain unchanged. Sunday, new opportunity for currencies metals. Markets for any kind of. Change according to strategies to cfd trading never ceases in binary option. Open, by itself, during was excellent and office hours. Avera forex on friday. new december 31, 2012 futures. Any kind of new cheap. Low volume – Forex weekend trading hours stretch across both Saturday and Sunday. When London closes up shop, Hong Kong is still going strong. Weekend gold and oil trading markets are very similar. The problem is, at some points trading volume will be extremely low. This results in flat markets and unhelpful charts. There are many stock market exchanges existing around the world and their opening and closing time vary. Some of the main stock market exchange around the world is the New York Stock exchange, London Stock exchange; shanghai stock exchange, Swiss exchange, and NASDAQ. For most of the stock exchanges, trading is conducted from Monday to Friday and they remain closed on Saturday, Sunday and ... How to open a Forex trading order at Olymp Trade In Forex, there is no concept of time as Fixed Time Trade so you can keep the order as long as long as the investment amount is not zero. For example, you open a Sell order with Bitcoin and the current exchange rate is 9818,527 with an amount of $20. Therefore many forex traders will be closing almost all of their open positions. So this makes the market movement unpredictable. Also some of the major news about USA does get released on Friday. So basically it is a risky day to trade but still you can trade cautiously. සිකුරදා කියන්නේ සදුදා දවසේ ගොඩක් දුරට අනිත් ... Tips trading option open market. Tentang akun praktik perdagangan opsi biner, analisa Forex Singapura Aplikasi Olymp Trade Di Ponsel and training that left you with little or no Aplikasi Olymp Trade Di Ponsel support and, in the end, a mostly worthless system. I know we've all done that. So again, thank you for being there for us long term. It means a lot cause Forex trading ain't all that easy without your help! Love the excellent training videos.

[index] [18405] [7415] [28595] [8538] [9370] [5322] [6527] [3326] [2480] [19056]

LIVE FOREX TRADING SIGNALS [1,029 Forex Indicators In 1 Signal] FX Buy Sell Alert Analysis Dashboard

Greetings to all on the channel Trader Tools! Do not forget to like this video and subscribe to the channel so as not to miss new videos. Binary options trad... Hello Friends ye wali video me mene aapko trading me money management ke bare me batya he and trading signal ke bare me bataya he. I hope ki aapko video pasand aayegi. ----- Dey Traders Open Group ... The Forex Market does not sleep is active 24 x 7. Banks in certain countries are open on Saturdays and Sundays. Economic and political events can happen over week. This process has now been ... Live Forex Indicators Signals - MetaTrader 4 / MetaTrader 5 (MT4/MT5) Forex Trading Platform - Monday to Friday, New York Market Open, Live Stream on 7:50 a.m. or Anytime :-) Saturday to Sunday ... Forex Trade With Us http://bit.ly/2EYIbgI Email: [email protected] Brokers I use https://bit.ly/35kgYkc P.S MY INSTAGRAM IS GONE NOW SO IF SOMEBODY W... Get more information about IG US by visiting their website: https://www.ig.com/us/future-of-forex Get my trading strategies here: https://www.robbooker.com C... Bot works 24 hours a day and 5 days a week except Saturday and Sunday. ... online trading, stock market, olymptrade, online, Make, Money, BINOMO, how to trade, dapat uang dari internet, trik ... Forex Market Hours - Best Time To Trade While it is true that the Forex currency market is open 24 hours a day , that does not mean that you have the same activity throughout the day . Live Forex Indicators Signals - MetaTrader 4 / MetaTrader 5 (MT4/MT5) Forex Trading Platform - Monday to Friday, New York Market Open, Live Stream on 7:50 a.m. or Anytime :-) Saturday to Sunday ... Watch and learn how to buy and sell shares on Zerodha Kite! This Zerodha Trading Tutorial is designed to clear all your doubts related to the Zerodha Kite. I...

#